Nike sinks 8% after pulling annual forecast amid low sales ahead of new CEO’s arrival, stock down 18% YTD | Stock Market News

Nike sinks 8% after pulling annual forecast amid low sales ahead of new CEO’s arrival, stock down 18% YTD | Stock Market News

Source: Live Mint Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models and other products. The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is…

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The hidden toll taken by tropical storms

The hidden toll taken by tropical storms

Source: The Verge Tropical storms take many more lives than officially recorded, according to a sobering study published today in the journal Nature. It comes as people across the Southeastern US scramble to find loved ones in the wreckage of Hurricane Helene. The average tropical storm or hurricane leads to the early deaths of between…

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Spot XRP ETF By Bitwise: Experts Explain The Approval Odds

Spot XRP ETF By Bitwise: Experts Explain The Approval Odds

Source: Bitcoinist Bitwise Asset Management has officially filed for a spot XRP exchange-traded fund (ETF) with Delaware’s Division of Corporations on September 30. The filing encompasses the registration for establishing a Delaware statutory trust, a business-oriented trust recognized under Delaware state law. This strategic move aligns with precedents set by prominent financial entities such as…

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